Invest in your preferred assets instantly

ForexCT

Free Mobile App

Get our free app

    Daily Report – Thursday 25th October

    THE DAILY REPORT

     

    THE DAILY REPORT

    Want messages directly to your mobile on market data and trade setups? Speak to your account manager about getting on our premiere SMS Service!

    RISK EVENTS
    Today

    EUR - ECB Interest Rate Decision
    EUR - ECB Monetary policy statement
    USD - Initial Jobless Claims
    USD - Goods Trade Balance

    Major Bloomberg & Reuters News

    Bloomberg News:
    U.S. dollar rises on weak euro zone data
    The U.S. dollar strengthened as much as 0.8 percent against the euro on Wednesday to its strongest since Aug. 20 after European data signaled that economic growth could be flagging across the euro zone.

    The Canadian dollar fell by 0.76 percent on Wednesday morning following the country’s central bank raised interest rates as expected and said more hikes would be needed to keep inflation in check. The loonie had retraced some of its losses by midday.

    The Bank of Canada - which has now lifted rates five times since July 2017 as the economy strengthens - tweaked its standard language on future hikes, dropping previous references to the gradual pace of tightening.

    The Japanese yen, often bought when broader markets slide, gave up its earlier gains, suggesting some renewed demand for risk-taking as stock markets rebounded on Wednesday. The yen weakened to 112.42 yen per dollar, but remains almost two percent stronger since Oct. 4.

    Sterling fell 0.39 percent to $1.293 amid intensifying concerns about whether the UK can reach a Brexit agreement.

    ECONOMIC ANNOUNCEMENTS  

    Trading FX and CFDs involves a substantial degree of risk and should only be undertaken with risk capital. Please refer to our website www.forexct.com.au for a copy of our PDS & FSG. Forex Capital Trading Pty Ltd (“ForexCT”) provides general advice that does not take into account your objectives, financial situation or needs. The contents of this newsletter do not take into account the personal circumstances of any individual investor. Investors do not own or have rights to underlying assets. ForexCT is regulated by ASIC (AFSL 306400, ABN 69 119 086 270). ForexCT’s AFS license and Australian regulation only applies to the financial services being offered in Australia only.

    ForexCT and its related entities do not warrant the accuracy or completeness of the information contained in this newsletter and shall not be responsible or liable for any loss or profit whatsoever which may arise directly or indirectly from any use or reliance upon any information in this newsletter. Any person acting on the information in this newsletter does so entirely at their own risk. Any analysis, opinion, commentary or research in this newsletter is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell any financial product or instrument.  You should always seek independent financial advice.

    The trade signals above reflect Trading Central's judgement as at the time the information was prepared under the Terms and Conditions set by Trading Central. ForexCT and its related entities do not warrant the accuracy or completeness of the information contained in this newsletter and shall not be responsible or liable for any loss or profit whatsoever which may arise directly or indirectly from any use or reliance upon any trade setup, statement, opinion or omission.

    Posted: October 24, 2018 | 11:22 PM